CryptoComes

Bitcoin - A slight rollback happened: What's next?

BINANCE:BTCUSDT   Bitcoin / TetherUS
The weekly chart details key support and resistance levels at $11,500 and $13,700, respectively, with the result that closing above or below these zones will determine the direction of the trend, either price rise or a rollback.

Our yesterday scenario came true, as the expected rollback below $13,000 occurred.
Since the beginning of the new year, there has been strong support for the weekly volume, with the exception of March, when trading volume during the month was below average. This is a good sign for the bulls, as the movements are supported by strong liquidity and customer pressure.
If the market conditions maintain their current exchange rate, BTC may aim at a resistance of $13,500 in the coming days. If prices fall below $11,500, then traders should consider re-testing the psychological support zone at $11,000.

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